Easy money and debt have trapped us and this recession is going to bite very deeply
A leading economist has declared the chances of a repeat of a Spanish flu-type catastrophe ‘remote’.
Ninety per cent of Australian businesses are expecting coronavirus impact, says a new ABS report that reveals where they’re already feeling the pain.
Policymakers and regulators need to swiftly turn their attention to equity if we are to help listed companies raise life-or-death capital.
US Senate unanimously passes historic $US2.2 trillion stimulus bill, the biggest in the country’s history.
Even just a few weeks ago, RBA governor Philip Lowe would have bristled at the merest suggestion of quantitative easing.
The Reserve Bank has injected $2bn into the state government bond market.
Up to 50,000 jobs have been axed or earmarked for cuts across corporate Australia in just days as the coronavirus hits the economy.
Former Fortescue chief Neville Power has vowed to take action to save jobs as he heads up a national COVID-19 commission.
In the second quarter of this year, output is expected to contract by 10 per cent — the same as in the first year of The Great Depression. But that’s where the similarities end.
Business Review Editor
Eric Johnston joined The Australian in July 2014. Previously he was the business editor of The Sydney Morning Herald and The Age, overseeing award-winning business coverage and driving investigative reporting. He also has worked at The AFR and as a correspondent with Dow Jones, where his stories appeared in The Wall Street Journal.
- Amanda Hodge, Chandni Vasandani
Indonesia is suffering a high ratio of doctor deaths amid warnings its health system may not cope with an ‘Italy-level outbreak’.
VIRUS HOTSPOTSSID MAHER, JOHN FERGUSON
Areas most affected by the coronavirus could be the first to face tougher lockdown restrictions. Is your suburb one of them?
120,000 confirmed casesWILL GLASGOW
The coronavirus epicentre under-reported the number of its pandemic cases by 40,000, it’s been revealed.
With millions of lives at stake, three Brisbane scientists believe they have come up with a COVID-19 vaccine that will work.
Health crisisNatasha Robinson
Australia could run out of ICU beds to treat virus patients in as few as 10 days if infections continue to rise at the current rate.